Tag: finance
Banks Will Decide If To Lower Interest Rates: Jaitley
Sounding a note of caution on the inflationary impact of rising global crude oil prices ahead of the RBI's final monetary policy review of the fiscal, Finance Minister Arun Jaitley on Monday said that lowering interest rates is a decision entirely in the domain of banks.....
Industry Has To Introspect On Doing Ethical Business: Jaitley
In light of the Rs 11,300 crore Punjab National Bank (PNB) scam allegedly involving diamantaire Nirav Modi, Union Finance Minister Arun Jaitley said on Saturday that the discourse needed to move on from ease of doing business to that of Indian industry's responsibility to become ethical in the way it does business.....
'Unusual Demand' Reason For Cash Crunch, Says Govt
Amidst reports of a cash crunch and empty ATMs, Finance Minister Arun Jaitley on Tuesday sought to assuage fears, saying "there is more than adequate currency in circulation", even as the government blamed "unusual demand" for shortages in some areas.....
BJP, Congress Spar Over Chidambaram's 'undeclared' Assets
The BJP on Sunday targeted former Union Finance Minister P. Chidambaram and his family's "undeclared assets in foreign countries", after which the Congress hit back by saying that the BJP had no moral right to ask questions and should instead give answers on various issues.....
Chidambaram Skips Investigation In INX Media Case
Former Finance Minister P. Chidambaram on Thursday skipped the CBI investigation into the INX Media corruption case after the Delhi High court granted him interim protection from arrest, the probe agency said.....
CEA Arvind Subramanian's Term Won't Be Extended On His Own Request: Jaitley
The Chief Economic Advisor (CEA), Arvind Subramanian's term would not be extended any further as he wants to go back to the US due to family commitments, Finance Minister Arun Jaitley said in a Facebook post on Wednesday. ....
India To Become Fifth Largest Economy Next Year: Jaitley
India is on track to surpass Britain next year to become the fifth largest economy in the world and to emerge among the "big three" global economies by 2040, Finance Minister Arun Jaitley said on Thursday.....
Merger Of Dena Bank, Vijaya Bank, Bank Of Baroda Announced
In a reform measure aimed at further consolidation, the government on Monday announced the merger of three state-run banks--Dena Bank, Vijaya Bank and the Bank of Baroda--that will make it the country's third largest bank with a combined business of Rs.14.82 lakh crore.....
RBI Looked The Other Way When Banks Lent Freely, Ran Up NPAs: Jaitley
Finance Minister Arun Jaitley on Tuesday held the central bank responsible for the mountain of bad loans, saying the Reserve Bank looked the other way when banks lent indiscriminately during 2008-14 to keep the economy humming.....
BJP Failed To Deliver Double-digit Growth: Chidambaram
The Narendra Modi-led central government has failed to deliver on its promise of a double-digit growth in the last four years and it will not manage it even in the remaining six months of its term, Former Finance Minister P. Chidambaram said on Saturday.....
